In a report released today, Tim Hsiao from Morgan Stanley maintained a Buy rating on Li Auto, with a price target of $32.00.
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Tim Hsiao has given his Buy rating due to a combination of factors that highlight Li Auto’s strategic positioning and technological advancements. The introduction of Livis AI glasses represents a significant step in Li Auto’s ambition to expand its AI ecosystem, leveraging their proprietary MindGPT model to enhance user experience and connectivity with their vehicles. Although the immediate financial impact of these glasses is expected to be minimal, the strategic value lies in Li Auto’s ability to innovate and integrate AI into their product offerings, setting the stage for future growth opportunities.
Furthermore, Li Auto’s substantial investment in research and development, particularly in AI, underscores their commitment to maintaining a competitive edge in the automotive industry. With plans to enhance their edge computing capabilities and the potential for advanced AI functionalities, Li Auto is well-positioned to capitalize on the growing demand for smart automotive solutions. These factors collectively contribute to Tim Hsiao’s optimistic outlook and Buy rating for Li Auto’s stock.
In another report released on December 2, Goldman Sachs also maintained a Buy rating on the stock with a $27.00 price target.